Another Strong(ish) Year of High End Home Sales


Another Strong(ish) Year of High End Home Sales
By Scott Rogers • September 20, 2016
We saw an amazing 29 home sales over $500K last year -- which was the highest seen anytime since 2008. This year we are on track to likely match that pace of high end sales, with 21 home sales over $500K in the first 9.5 months of the year. Again, last year showed an amazing number (19) of home sales over $600K - the highest since all the way back in 2007 -- but it does not seem that we will see that many home sales in 2016. With 10 home sales on the books thus far, we have exceed 2011-2014 levels, but it seems unlikely we'll get all the way up to 19 home sales this year. Finally, looking at the super-high-end home sales (over $700K) we are seeing a significant drop off from last year. Last year we saw a remarkable 11 home sales over $700K, which seems to be the highest number on record, ever. This year, however, we have only seen 3 home sales over $700K thus far. Receive Updates by Email Recent Articles: Buyer Demand Exceeds Supply In Varying Degrees By Price Range Pending Home Sales Data Points To Slower Months Of Home Sales Ahead Detached Resale Home Sales Decline 39% In Two Years, Down To... Pre Covid Norm What A Great Time To Sell Your Million Dollar Home Home Buyers Who Bought Homes Two Years Ago Thought They Were Paying Crazy High Prices For Their Homes How Likely Is It That We Will Find A House That Fits You Better Than This One In The Next 90 Days? Fewer Home Sellers, Thus Fewer Home Buyers, But Ever Higher Sales Prices In Early 2023 First Look At February 2023 Home Sales Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Mar 22, 2023 (unless otherwise noted).
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